Zhong Lun Advises on Back-Door HK Listing of A Domestic Coal Mining Company
Zhong Lun Advises on Back-Door HK Listing of A Domestic Coal Mining Company
On December 21, 2009, Yun Sky Chemical (International) Holdings Limited (“Yun Sky") announced it has completed acquisition of the entire issued share capital of Triumph Fund A Limited at a consideration of HK$1.855 billion, which will be settled in full by the issue of convertible notes by Yun Sky. Triumph Fund A Limited is the controlling shareholder of a domestic coal mining company. Yun Sky’s acquisition constitutes an important step towards the back-door listing of the domestic coal mining company.
Professionals from Zhong Lun Law firm Shenzhen office, including partner Su Min, associates Du Xing, Han Yue and Ye Kangkang, advised on the acquisition.